Property Overview: 961 Pritchard Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home in Burrows Central presents a compelling opportunity, particularly for its land value and recent updates. The standout feature is the generous 5,275 sqft lot, which ranks in the top 5% for size on Pritchard Avenue and the top 9% within the neighbourhood. This offers significant outdoor space and potential in an area where lots are typically smaller. The home itself, built in 1966, is newer than most in the immediate vicinity, and its living area is comfortably above average for the street. A key modern update is the renovated basement, adding functional living space. The property’s strong assessed value relative to nearby homes suggests it is viewed as a premium holding in its local market.
Its appeal lies in this combination of a large, valuable lot with a move-in-ready, updated interior. It would suit a practical buyer looking for a solid footprint in a central neighbourhood—perhaps a first-time homeowner seeking space to grow, or an investor recognizing the underlying land value. The detached garage adds utility. A thoughtful perspective is that while the home’s living area is average city-wide, its true premium is hyper-local, offering more house and significantly more land than most direct neighbours, which can be a decisive advantage.
Frequently Asked Questions
1. What does the high assessed value ranking mean?
It indicates that, compared to similar properties on the same street and in Burrows Central, this home is officially valued in the top 5%. This typically reflects its larger lot size, newer construction date, and recent renovations.
2. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal, rentable suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How does the sale history influence the price?
The property sold recently in April 2022 for $34,500. This recent transaction provides a clear, current benchmark for market value in the area.
4. What are the implications of such a large lot?
Beyond extra yard space, a lot size in the top percentile for the area can offer future potential (like additions or landscaping projects) and typically contributes disproportionately to the property’s long-term value and appeal.
5. How does this home compare to others nearby?
It generally offers a larger lot, a more recently built structure, and more living space than many immediate neighbours, as seen in the comparable listings. This positions it as a above-average property within its specific micro-market.